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16 Driftwood Lane, Weston, ...

Kenneth Stevens Custom Homes Acquires Single Family Property In Weston, MA For $3.5M
SOLDSingle Family Residence

Kenneth Stevens Custom Homes Acquires Single Family Property In Weston, MA For $3.5M

16 Driftwood Lane, Weston, MA, USA

$3,500,000

$453/SF

Building Size

7,714 SF

Asset Type

Single Family Residence

Closing

Apr 1, 2021

AI

A single-family home located at 16 Driftwood Ln in Weston, MA recently sold for a price of $3,500,000. The property spans 7,714 square feet and sits on a generous 2.15-acre lot. This transaction reflects a price per square foot of $454 and a price per acre of $1,627,906. The sale took place on April 2, 2021.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $3,500,000
  • Address: 16 Driftwood Ln, Weston, MA
  • Market: Weston, MA
  • Square Footage: 7,714
  • Price per Square Foot: $454
  • Acreage: 2.15
  • Price per Acre: $1,627,906

The sellers of the property were David Ortiz and Tiffany Ortiz. On the buyer's side, Kenneth Stevens of Kenneth Stevens Custom Homes and Deborah Stevens acquired the home. The sale was facilitated by Melissa Dailey and Kathryn Alphas Richlen of Coldwell Banker Realty, who represented both parties in the transaction.

Players

Kathryn Alphas Richlen

Coldwell Banker

Broker

$16.8M

vol

4 deals

Broker

Kenneth G Stevens

Buyer

$9.4M

vol

2 deals

Buyer

David Ortiz

Seller

$14.1M

vol

3 deals

Seller

Weston Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93